What is a Self-Insured Medical Expense Reimbursement Plan (SIMERP)?

SIMERP, or Self-Insured Medical Expense Reimbursement Plan, is a program established under IRS §1.105–11 designed for businesses with over 25 W2 employees working more than 30 hours per week. This plan enhances employee health benefits while promoting tax efficiency.

Here’s what makes SIMERP unique: 

Tax Efficiency: 

SIMERP is built to help businesses save thousands annually through payroll tax reductions, enhancing overall tax efficiency. 

Compliance Simplified: 

Designed to meet IRS guidelines, SIMERP keeps your business audit-ready. 

Modernized Benefits: 

SIMERP provides employees with access to supplemental health coverage and preventative care resources—all at no added cost and without the need to change any of your existing employee health benefits or brokers.